McCormick & Company Statistics
Total Valuation
MKC has a market cap or net worth of $20.98 billion. The enterprise value is $25.44 billion.
| Market Cap | 20.98B |
| Enterprise Value | 25.44B |
Important Dates
The last earnings date was Tuesday, October 1, 2024, before market open.
| Earnings Date | Oct 1, 2024 |
| Ex-Dividend Date | Oct 7, 2024 |
Share Statistics
MKC has 268.36 million shares outstanding. The number of shares has decreased by -0.04% in one year.
| Shares Outstanding | 268.36M |
| Shares Change (YoY) | -0.04% |
| Shares Change (QoQ) | n/a |
| Owned by Insiders (%) | 0.47% |
| Owned by Institutions (%) | 82.24% |
| Float | 266.79M |
Valuation Ratios
The trailing PE ratio is 26.59 and the forward PE ratio is 26.20. MKC's PEG ratio is 3.65.
| PE Ratio | 26.59 |
| Forward PE | 26.20 |
| PS Ratio | 3.14 |
| Forward PS | 3.05 |
| PB Ratio | 3.87 |
| P/FCF Ratio | 27.09 |
| PEG Ratio | 3.65 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 20.03, with an EV/FCF ratio of 32.85.
| EV / Earnings | 32.09 |
| EV / Sales | 3.81 |
| EV / EBITDA | 20.03 |
| EV / EBIT | 23.51 |
| EV / FCF | 32.85 |
Financial Position
The company has a current ratio of 0.71, with a Debt / Equity ratio of 0.85.
| Current Ratio | 0.71 |
| Quick Ratio | 0.27 |
| Debt / Equity | 0.85 |
| Debt / EBITDA | 3.44 |
| Debt / FCF | 5.97 |
| Interest Coverage | 5.17 |
Financial Efficiency
Return on equity (ROE) is 15.07% and return on invested capital (ROIC) is 6.77%.
| Return on Equity (ROE) | 15.07% |
| Return on Assets (ROA) | 5.16% |
| Return on Capital (ROIC) | 6.77% |
| Revenue Per Employee | $483,949 |
| Profits Per Employee | $57,435 |
| Employee Count | 13,800 |
| Asset Turnover | 0.51 |
| Inventory Turnover | 3.33 |
Taxes
In the past 12 months, MKC has paid $173.90 million in taxes.
| Income Tax | 173.90M |
| Effective Tax Rate | 17.99% |
Stock Price Statistics
The stock price has increased by +20.35% in the last 52 weeks. The beta is 0.76, so MKC's price volatility has been lower than the market average.
| Beta (5Y) | 0.76 |
| 52-Week Price Change | +20.35% |
| 50-Day Moving Average | 81.07 |
| 200-Day Moving Average | 74.22 |
| Relative Strength Index (RSI) | 41.86 |
| Average Volume (20 Days) | 1,522,155 |
Short Selling Information
The latest short interest is 4.76 million, so 1.77% of the outstanding shares have been sold short.
| Short Interest | 4.76M |
| Short Previous Month | 5.65M |
| Short % of Shares Out | 1.77% |
| Short % of Float | 1.78% |
| Short Ratio (days to cover) | 2.36 |
Income Statement
In the last 12 months, MKC had revenue of $6.68 billion and earned $792.60 million in profits. Earnings per share was $2.94.
| Revenue | 6.68B |
| Gross Profit | 2.57B |
| Operating Income | 1.08B |
| Pretax Income | 845.00M |
| Net Income | 792.60M |
| EBITDA | 1.27B |
| EBIT | 1.08B |
| Earnings Per Share (EPS) | $2.94 |
Balance Sheet
The company has $200.80 million in cash and $4.62 billion in debt, giving a net cash position of -$4.42 billion or -$16.48 per share.
| Cash & Cash Equivalents | 200.80M |
| Total Debt | 4.62B |
| Net Cash | -4.42B |
| Net Cash Per Share | -$16.48 |
| Equity (Book Value) | 5.45B |
| Book Value Per Share | 20.20 |
| Working Capital | -900.00M |
Cash Flow
In the last 12 months, operating cash flow was $1.04 billion and capital expenditures -$266.00 million, giving a free cash flow of $774.40 million.
| Operating Cash Flow | 1.04B |
| Capital Expenditures | -266.00M |
| Free Cash Flow | 774.40M |
| FCF Per Share | $2.89 |
Margins
Gross margin is 38.48%, with operating and profit margins of 16.20% and 11.87%.
| Gross Margin | 38.48% |
| Operating Margin | 16.20% |
| Pretax Margin | 14.47% |
| Profit Margin | 11.87% |
| EBITDA Margin | 19.02% |
| EBIT Margin | 16.20% |
| FCF Margin | 13.00% |
Dividends & Yields
This stock pays an annual dividend of $1.68, which amounts to a dividend yield of 2.15%.
| Dividend Per Share | $1.68 |
| Dividend Yield | 2.15% |
| Dividend Growth (YoY) | 7.69% |
| Years of Dividend Growth | 37 |
| Payout Ratio | 57.14% |
| Buyback Yield | 0.04% |
| Shareholder Yield | 2.19% |
| Earnings Yield | 3.78% |
| FCF Yield | 3.69% |
Analyst Forecast
The average price target for MKC is $78.50, which is 0.41% higher than the current price. The consensus rating is "Hold".
| Price Target | $78.50 |
| Price Target Difference | 0.41% |
| Analyst Consensus | Hold |
| Analyst Count | 9 |
| Revenue Growth Forecast (5Y) | 3.01% |
| EPS Growth Forecast (5Y) | 9.71% |
Stock Splits
The last stock split was on December 1, 2020. It was a forward split with a ratio of 2:1.
| Last Split Date | Dec 1, 2020 |
| Split Type | Forward |
| Split Ratio | 2:1 |
Scores
MKC has an Altman Z-Score of 2.54 and a Piotroski F-Score of 8. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 2.54 |
| Piotroski F-Score | 8 |